Compare Funds | Royce
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At a Glance
As of 09/30/24

Small-Cap OpportunityRemove

PremierRemove

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Style

Value

Core

Market Cap

Small-Cap

Small-Cap

Volatility

High

Low

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • Small-cap value fund that uses an opportunistic approach to invest in companies are categorized into themes: Turnarounds, Unrecognized Asset Values, Undervalued Growth, and Interrupted Earnings. Small-cap stocks' market caps are less than the largest stock in the Russell 2000® Index.
  • Identifies a catalyst for future earnings growth in the form of new management, more favorable business cycle, product innovation, and/or margin improvement.
  • Outperformed its benchmark for the 5-, 10-, 15-, 20-, 25-year, and since inception (11/19/96) periods ended 9/30/24.
  • Small-cap core fund that seeks to invest in "premier" small-cap companies, those Royce sees having discernible competitive advantages, high returns on capital, and a sustainable franchise. Small-cap stocks' market caps are less than the largest stock in the Russell 2000® Index.
  • Focuses on leading quality companies, those with low debt, the ability to generate excess cash flow, and attractive prospects that are selling at prices Royce believes do not fully reflect these attributes.
  • Average annual total return of 11.2% since inception (12/31/91) through 9/30/24.

Inception Date
11/19/96
12/31/91

Portfolio Managers

Jim Harvey, Kavitha Venkatraman, Jim Stoeffel, Brendan Hartman

Lauren Romeo, Steven McBoyle, Andrew Palen

Portfolio Diagnostics As of 09/30/24

 

Small-Cap Opportunity

Premier

Total Net Assets

1.23B

1.43B

Holdings

225

51

Average Market Cap

1.33B

5.38B

Active Share

90%

97%
2023
Portfolio Turnover

35%

15%

Weighted Average P/E,

-

25.1x

Weighted Average P/B,

1.7x

2.9x

Weighted Average P/S

1.0x

-

Composition As of 09/30/24

 

Small-Cap Opportunity

Premier

Morningstar Style Map

The Morningstar Style Map is the Morningstar Style Box™ with the center 75% of fund holdings plotted as the Morningstar Ownership Zone™. The Morningstar Style Box is designed to reveal a fund's investment strategy. The Morningstar Ownership Zone provides detail about a portfolio's investment style by showing the range of stock sizes and styles. The Ownership Zone is derived by plotting each stock in the portfolio within the proprietary Morningstar Style Box. The shaded area represents the center 75% of the Fund's assets while the plot point in the middle represents the weighted average of its holdings. Over time, the shape and location of a fund's ownership zone may vary.

Geographic Breakdown

Sector Breakdowns

Small-Cap Opportunity

Premier

Industrials

27.5

36.4

Information Technology

19.5

12.5

Consumer Discretionary

12.0

10.6

Health Care

8.3

6.3

Financials

8.0

9.7

Energy

7.9

-

Materials

6.4

10.6

Communication Services

5.1

1.3

Consumer Staples

1.3

1.9

Real Estate

0.4

9.2

Utilities

-

-

Cash and Cash Equivalents

3.6

1.5

Portfolio Overlap

Small-Cap Opportunity

Premier

Small-Cap Opportunity

-

5%

Premier

5%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Capital Micro-CapMicro-CapSmall-Cap Small-CapDividend ValueSmall-Cap Total Return

Least Portfolio Overlap - U.S. Equity Funds

 PremierDividend ValueSmall-Cap Special Equity Micro-CapCapital Micro-CapCapital Small-Cap

Risk As of 09/30/24

 

Small-Cap Opportunity

Premier

Five-Year Up/Down Capture Ratio

↑ 122   ↓ 106

↑ 93   ↓ 91

Beta

N/A

N/A

Standard Deviation

24.31

20.75

Sharpe Ratio

0.11

0.21

Volatility

Performance As of 09/30/24

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 09/30/24

Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER QTR YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Small-Cap Opportunity RYPNX 2.75 6.42 18.30 3.72 13.94 10.04 11.81 11/19/96 1.23 1.23
Russell 2000 Value Index - 10.15 9.22 25.88 3.77 9.29 8.22 - - - -
Russell 2000 Index - 9.27 11.17 26.76 1.84 9.39 8.78 - - - -
Premier RYPRX 5.41 6.51 19.90 6.31 9.21 9.07 11.19 12/31/91 1.19 1.19
Russell 2000 Index - 9.27 11.17 26.76 1.84 9.39 8.78 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER OCT YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Small-Cap Opportunity RYPNX -3.61 2.58 23.41 1.25 12.66 9.30 11.63 11/19/96 1.23 1.23
Russell 2000 Value Index - -1.56 7.51 31.77 1.95 8.42 7.33 - - - -
Russell 2000 Index - -1.44 9.56 34.07 -0.05 8.50 7.94 - - - -
Premier RYPRX -3.10 3.21 23.76 3.27 7.99 8.48 11.05 12/31/91 1.19 1.19
Russell 2000 Index - -1.44 9.56 34.07 -0.05 8.50 7.94 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER NOV QTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Small-Cap Opportunity RYPNX 8.00 4.10 22.90 2.26 13.87 10.14 11.91 11/19/96 1.23 1.23
Russell 2000 - N/A N/A N/A N/A N/A N/A - - - -
Russell 2000 Value - N/A N/A N/A N/A N/A N/A - - - -
Premier RYPRX 4.29 1.06 19.21 3.59 8.68 8.95 11.18 12/31/91 1.19 1.19
Russell 2000 - N/A N/A N/A N/A N/A N/A - - - -

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